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SC North Dakota | "To high" is purely subjective. Would say from a production standpoint, no. If they were to high, retention would be in full force, everybody clamoring to run cows. From a historical price perspective, I think we are close. Massive bull run with a blowout top so far. But honestly, price is right where it should be. We are balancing supply and demand. So I think at this moment cattle are priced whete they need to be.
Just like the other side of the coin, when is a commodity "to low"? I don't think crops have been to low for quite some time. There would need to be a lot more pain in farm country for people to actually idle acres or make major shifts in farming practices.
As with any capitalistic economy, supply is constantly seeking balance with demand, and price is tool to do it. | |
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Are cattle to high?
